ASX Announcement6th August 2009Appointment to the Clean Energy...

ASX Announcement
6th August 2009

Appointment to the Clean Energy Council Board of Directors

Wave Energy Developer Carnegie Corporation (ASX:CNM) is pleased to advise that its
Managing Director and CEO, Dr Michael Ottaviano, has been appointed to the board of the
Clean Energy Council along with two additional new board members: Steve McDonald, CEO
of Transfield Services Infrastructure Fund and Dr Paul Simshauser, Chief Economist and
Group Head of Corporate Affairs at AGL.
The Clean Energy Council, the peak body for the clean energy sector, is working with all
Australian governments to ensure a secure and diversified energy sector; reducing energy
waste including the take up of solar water heating and insulation; and more clean energy
sources in our stationary energy mix from solar, wind, geothermal, hydro, wave, bioenergy
and gas.
Clean Energy Council Chief Executive Matthew Warren said the recent appointments
demonstrate the diversity and depth of knowledge of Australia’s evolving clean energy
industry.
“The successful deployment of the Federal Government’s renewable energy target - 20 per
cent by 2020 - will unleash the ingenuity of Australia’s clean energy industry and the CEC is
proud to be at the forefront of this wave,” Mr Warren said.
Dr Ottaviano has been the CEO of Carnegie Corporation since 2006 and oversees all
commercial and technical aspects of Carnegie’s operations, engineering and design,
intellectual property and finance and administration.
As CEO, Dr Ottaviano has raised over AU$25 million in equity, overseen an increase in
market capitalisation from A$8 million to over AU$100 million and secured Government
funding support for Carnegie’s wave technology of AU$20 million from Western Australian,
Canadian and French governments. He is also a member of the Australian Government’s
Energy White Paper advisory committee.